BRN Discussion Ongoing

[Learning]

Is this our new CMO

Steve Brightfield - BrainChip | LinkedIn

Skilled at working in collaborative, data-driven teams and gaining consensus. Global… · Experience: BrainChip · Education: Purdue University · Location: San Francisco Bay Area · 500+ connections on LinkedIn. View Steve Brightfield’s profile on LinkedIn, a professional community of 1 billion...

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Learning

 

[MDhere]

Yup. And the $3 million SPP is a scrap which is meant to appease existing shareholders

yep but the good news is someone took up 20mil, even though we only get to take up 3mil. someone has come in from outside, how do we get to find out who it was?

 

[7für7]

Shorters in 3…2…1…

 

[FJ-215]

Interesting thing for me from the investor presentation......

> Development of a cloud-based FPGA system to run Akida 2.0 for customer evaluation purposes.

So still not taping out an actual chip. Is this a request from a potential customer? Surely we have the cash to do it!

 

[toasty]

How disappointing..........only interesting thing will be to see which institutions take up the offer. I'd be pretty sure it wouldn't be 100% underwritten unless the stock to be issued was already accounted for.

 

[AARONASX]

Some good news is Peter is still here! now on the SAB

 

[Mccabe84]

If there's no IP deals before the next cap raise I'm out.. Sean is not delivering and seems to be all talk. IMO

 

[Bravo]

 

[Shadow59]

I thought Australians were the world experts at BS. Turns out some americans are better.

 

[DingoBorat]

I'm happy enough with it.
Only a small discount, although I would have obviously preferred a premium..

We should have close to 30 million USD in the kitty, after all is said and done.

Not real keen on the 3 slides of Key Risks, in a 10 slide Investor Presentation though ..

 

[Yoda]

I just read this as they need more working capital and want to raise it well before existing funds run out.

 

[Yoda]

I'm happy enough with it.
Only a small discount, although I would have obviously preferred a premium..

We should have close to 30 million USD in the kitty, after all is said and done.

Not real keen on the 3 slides of Key Risks, in a 10 slide Investor Presentation though ..

I agree, the 3 slides of risk are concerning.

 

[7für7]

Yeah… PvdM and co. As well someone baught in with 20million and people with 1000 to 5000 shares are complaining about the situation

 

[DingoBorat]

I agree, the 3 slides of risk is concerning.

Better to be upfront about it, but would have been nice to condense it down a little..

Maybe a few less words and squeeze it into one?..

Almost seems like the focal point of the presentation..

 

[Tezza]

Well Brn is consistent, never fails to disappoint

 

[7für7]

I agree, the 3 slides of risk is concerning.

I think it’s their job as well to tell their investors about the risks I guess… and we all know there are a lot of risks if you invest in a company in a very hard market

 

[skutza]

I have taken BRN off my watchlist. One day I'll read the paper and see I'm a millionaire. until that time, I'm done. I will not par take in any CR I will not sell a single share. i will not remember I hold BRN until it makes head lines. Good luck all, but overall the story is great, the execution is abysmal. I've got better things to do with my time than watch these guys promise the world and sink in the sea.

 

[CWP]

No revenue, big salaries, experienced staff leaving, continued promises with lack of accountability, what appears to be a lack of any actual financial progress toward break even status.
It does start to make you wonder if the technology isn’t all its cracked up to be ? The sector is pumping yet Brainchip appears to be sinking.
Was Mr Heir indeed a good hire ? His running out of time to deliver in my eyes, smoke and mirrors comes to mind…
Does anyone else find the “risks” section quite concerning ? Reads like a get out of jail free card for management if they can’t deliver on their promises.
Just my thoughts after the latest flop of a quarterly.

 

[7für7]

I see it positive … I was not expecting anything actually… and we are still in the game… nothing is lost! Key investors are still in and hold. Other s buy in…. Now let’s move on

 

[FiveBucks]

Better to be upfront about it, but would have been nice to condense it down a little..

Maybe a few less words and squeeze it into one?..

Almost seems like the focal point of the presentation..

Would have liked to have seen a few pages of opportunities to help offset the risks!